Scrolling through the responses here, I have seen a number of people asking if there is anything better to use at level 40. I cannot speak from experience, as my THF is still only level 37, but I would think that the Federation Kukri might be better than this knife when you are in areas outside your own nations control. The Fed. Kukri has the same DMG of 15, and a lower Delay of 182. It also has Accuracy +3. When in an area outside your nations control, you get Attack +7 from the Fed Kukri. I would say that Accuracy +3 and Attack +7 with same DMG and lower Delay outweigh 2 DEX and 2 AGI, especially when you consider all the other available bonuses to DEX and AGI out there (+21 and +16 respectively at level 37). That being said, this is a still a very good knife, and likely the better choice of the two when in an area your nation currently controls. Also, this one is free, whereas the Fed. Kukri is 50k at least on my server.
Edited, Wed Feb 16 14:48:52 2005